Updating my Status to Homebuyer
People interact with their family, friends and coworkers on a daily basis, both through online social networks and in real life. The effects of such social interactions on economic and financial decision-making, however, are not well understood.
Do such interactions influence people’s assessment of the attractiveness of investments such as houses or stocks, and is this reflected in actual investment behavior? In addition, can social interactions influence market-level trading volume and asset prices?